TUI has again repaid state aid from the Corona programme and also further reduced its credit lines. Silent Participation II of 671 million euros was repaid in full, plus interest due, to WSF (Economic Stabilisation Fund).

The Hanover Local Court has appointed Helena Murano and Christian Baier as members of the Supervisory Board of TUI AG. Both succeed Alexei Mordashov and Vladimir Lukin, who resigned from their Supervisory Board mandates at the beginning of March. Christian Baier will also become a member of the Audit Committee.

TUI Group, one of the world’s leading tourism groups, has revamped, expanded and relaunched the TUI Collection, one of the largest portfolios of original, branded experiences in the travel industry. The relaunch continues the Group’s strategic focus on tours and activities as a key growth pillar and supports the ongoing expansion of TUI’s digital platform for experiences.

Tui Group has said it is “well positioned” for the post-Covid-19 period and expects a stable business development for 2022, especially during the summer season.

As the financial fallout from the Russian invasion of Ukraine continues, Tui Group has been informed that the ownership of its shareholder Unifirm has changed.

Alexey Mordashov, the largest shareholder in Tui Group, has been sanctioned by the European Union. By some estimates he is the second richest man in Russia.